Salient Corporate Services Enters into Plan of Arrangement with Karl Antonious, GRT Technologies and Global Remote Technologies

February 26, 2015 4:08 PM EST | Source: Voltaire Services Inc.

Vancouver, British Columbia--(Newsfile Corp. - February 26, 2015) - Salient Corporate Services Inc. ("Salient") is pleased to announce that it has entered into an arrangement agreement dated December 8, 2014 which includes a statutory plan of arrangement (the "Plan of Arrangement") with Karl Antonious, GRT Technologies Inc. ("Buyco") and Global Remote Technologies Ltd. ("Subco").

Pursuant to the Plan of Arrangement: (1) Buyco shall purchase all the issued and outstanding shares of Subco from Salient, (2) Buyco and Subco shall exchange securities on a 1:1 basis, (3) Salient shall issue 1,000 of its common shares to Subco and receive in exchange 300,000 common shares of Subco (the "Distribution Shares"), and (4) the Distribution Shares shall be distributed as a stock dividend to Salient's shareholders.

The Plan of Arrangement was approved by the Buyco shareholders on February 12, 2015 and received approval from the Supreme Court of British Columbia on February 16, 2015.

In connection with the plan of arrangement, Salient has set Wednesday, February 25, 2015 as the record date for the dividend distribution of common shares of Subco to the holders of Salient's common shares on a pro rata basis.

Upon closing of the arrangement, Subco will become a reporting issuer in British Columbia and Alberta, and Buyco will become a wholly-owned subsidiary of Subco.

Further details concerning the Plan of Arrangement can be found under Salient's SEDAR profile at www.sedar.com.

About Salient

Salient Corporate Services is a business development services company that provides professional services to new and emerging businesses, including accounting, corporate secretarial, corporate finance and other services to assist companies in raising capital and going public. It also advises companies on corporate structure and business development, including finding and advising on opportunities in mergers and acquisitions. In addition, Salient carries out mineral exploration and intends to add to its property portfolio.

For more information, please contact:

Karl Antonius
President and Chief Executive Officer
Telephone: +1.604.559.3390
Email: karl@antoniuscapital.com

Forward-Looking Information:

This press release may include forward-looking information within the meaning of Canadian securities legislation. The forward-looking information is based on certain key expectations and assumptions made by the management of Salient. Although the company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the company cannot provide any assurance that it will prove to be correct. These forward-looking statements are made as of the date of this press release and the company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

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